Jeffrey Tucker Says Dollar Will Be Dethroned, Russian Official Speaks on De-Dollarization, and a Look at Historic Fractional Reserve Banking in Italy — Week in Review

Bitcoin proponents eyeing fiat failures are in no scarcity of reports on the subject as of late, as a number of officers, economists, authors, and analysts from world wide have been weighing in on “de-dollarization” in a prolific style. Author and libertarian Jeffrey Tucker stated lately: “The dollar’s just not going to be king,” and Russia’s international minister says a flight from the U.S. greenback “is sure to accelerate.” In associated information, the historic fall of Italy’s Medici financial institution might shed some mild on actions being witnessed within the world banking sector over 600 years later.

Jeffrey Tucker on De-Dollarization: USD Will No Longer Be King, We’re at Turning Point for US Dollar

Jeffrey Tucker says we’re on the turning level for the U.S. greenback, citing a rising de-dollarization pattern. “The dollar’s just not going to be king,” he warned, including that historical past will file current occasions “as the turning point for the dollar.”

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Russian Official: Flight From the US Dollar Is Sure to Accelerate, De-Dollarization Trend Is Irreversible

De-Dollarization Trend Irreversible, Flight From US Dollar Sure to Accelerate, Says Russian Official

Russia’s international minister says a flight from the U.S. greenback “is sure to accelerate,” emphasizing that “this trend is irreversible.” The official added: “The path of sanctions is the path to nowhere. Serious countries and sober-minded politicians are drawing relevant conclusions and these conclusions are definitely in favor of terminating dependence on the West.”

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US treasury secretary yellen dollar sanctions

US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony

U.S. Treasury Secretary Janet Yellen talked concerning the risks that sanctions based mostly on the U.S. greenback would possibly pose for the hegemony of the forex in worldwide markets. According to Yellen, the federal government tries to make use of sanctions “judiciously,” as they will create a need to seek out options to the U.S. greenback.

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The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy

The Fall of Medici Bank: Lessons on Fractional Reserve Banking From fifteenth Century Italy

Amid the banking chaos of the twenty first century, some are trying again greater than 600 years in the past, to the Medici Bank — one of the vital highly effective banks of its time. It established its enterprise and have become one of the vital revered banks in Europe throughout its prime, and the distinguished Italian household of bankers have been early adopters of fractional reserve banking, a follow that Medici Bank clients have been unaware of, and that finally led to the monetary establishment’s failure.

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What are your ideas on the destiny of the U.S. greenback? Will bitcoin rise in prominence if it continues to falter? Let us know your ideas within the feedback.

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